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The 4th International Financing for Development Conference (FfD4)2 must address the extreme inequality crisis that threatens people and the planet. The richest one percent has the same wealth as 95% of humanity3 while global decision-making processes keep reproducing colonial patterns of power relations that leave billions behind and block progressive multilateral reform. Inequality occurs on two fronts, national and global. The gap between the richest and the rest at the national level is very high or rising in most countries. Simultaneously the gap between the richest countries and the Global South rose sharply due to COVID-19 and the subsequent economic and debt crises, remaining unacceptably high. 

Today civil society organisations in Brussels are calling on European countries to raise their  ambition after the release of a ‘deeply disappointing’ collective EU position in the Council Conclusions ‘ahead of the 4th International Conference on Financing for Development’, taking place in Spain next month. 

Oxfam International and Oxfam Intermón met with the Prime Minister of Spain.

Billionaire wealth has risen three times faster in 2024 than in 2023. At least five trillionaires are now expected within a decade. Meanwhile, the number of people living in poverty has barely changed since 1990. Inequality is out of control.

New Oxfam analysis ahead of the world’s largest development financing talks in a decade, in Seville, Spain.

Today the shape of the new European Parliament was revealed, with the results marred by weak turnout and a ri

Billionaire wealth has risen three times faster in 2024 than 2023. Five trillionaires are now expected within a decade.

Wealthy Group of Seven (G7) countries owe low- and middle-income countries $13.3 trillion in unpaid aid and funding for climate action, reveals new analysis from Oxfam ahead of the G7 Summit in Hiroshima, Japan.

The world’s richest 1% increased their wealth by more than $33.9 trillion in real terms since 2015, reveals new Oxfam analysis ahead of the world’s largest development financing talks in a decade, in Seville, Spain. This is more than enough to eliminate annual poverty 22 times over at the World Bank’s highest poverty line of $8.30 a day. But about 60% of low-income countries remain in or at risk of debt distress.

The G20’s promise to pursue inclusive and sustainable growth is welcome, but its response to the Ebola crisis is dangerously inadequate.